Vola Finance cash advance app review
- Max. Amount
- Turnaround time
- As soon as same business day
Vola offers tools for monitoring your bank account to help you budget better. But pick another app if you want to avoid membership fees and need more transparency around eligibility requirements and costs.
Advance amount not determined by previously worked hours
Financial literacy tools
Notifications when bank account balance is low
Low maximum advance of $300
Must sign in to bank account to view membership tiers and costs
Average bank account balance of $150+ required
Multiple reported problems with the app
|Product Name||Vola Finance|
|Turnaround Time||As soon as same business day|
|Costs||$2.99 to $28.99 membership fee|
|Requirements||Bank account at least 3 months old, average balance over $150, income and deposit activity, activity most days of the week|
What are the pros and cons of Vola Finance?
- Advance amount not determined by previously worked hours
- Financial literacy tools
- Notifications when bank account balance is low
- Low maximum advance of $300
- Must sign in to bank account to view membership tiers and costs
- Average bank account balance of $150+ required
- Multiple reported problems with the app
Our take on Vola Finance
Vola is similar to other cash advance apps like Brigit and MoneyLion, offering loans up to $300, a credit builder program and tools for monitoring your bank balance. Its Smart Alert feature alerts you when your bank balance is low so you can avoid overdraft fees. But unlike other cash advance providers, very little information is available about the app on its website — leaving the user to guess how much it costs to use, what the bank requirements are and how much they can borrow.
Vola Finance overview
Vola deducts repayments automatically from your bank account, but you can make a payment earlier without penalties. And if you’re running low on funds, you can request an extension of up to 10 days. Once you repay your advance, there is a cool-off period of five days before you can borrow again.
- Membership fees start at $2.99
- Eligible members can withdraw up to $300
- Fund are available as soon as one business day
Vola Finance supports over 6,000 banks and credit unions, but your bank account must meet a few requirements to qualify for an advance.
- 3+ months old
- Average balance over $150
- Shows income and deposits
- Shows some activity most days of the week
Vola Finance reviews and complaints
|BBB customer complaints||9 customer complaints|
|App Store Score||4.5 out of 5 stars, based on 7,700 customer reviews|
|Google Play Score||4.7 out of 5 stars, based on 1,628 customer reviews|
|Customer reviews verified as of||20 April 2022|
While far less in number, positive reviews from customers mention how easy it is to borrow an advance and manage their expenses with the app. Vola Finance isn’t accredited with the Better Business Bureau (BBB) and earns a D- business rating for how it’s handled nine customer complaints over the past three years.
Vola Finance app vs. payday loans
Vola Finance offers small interest-free loans with a membership — which may make it less expensive than borrowing multiple payday loans.
|Vola Finance||Payday loan|
|Maximum amount||Up to $300||Typically up to $500, and most states allow only one at a time|
|Turnaround time||One business day||Typically one business day|
|Application process||Download the app and connect your bank account info||Online application, typically requires Social Security number and bank account numbers|
|Costs||Starts at $2.99 per month||High interest rate that can equal fees of $15 to $25 per $100 borrowed|
|Availability||Nationwide||Prohibited in some states|
Is Vola Finance safe to use?
Should I use the Vola Finance app?
Vola Finance can help you manage your finances and keep your bank accounts in the positive, but it’s a newer service and customers report issues with its app and customer service. Read our guide to pay advance apps to learn more about the process and compare your other options.
Compare Vola Finance to other pay advance apps
Compare even more cash advance apps to find the right one for your lifestyle and budgeting needs. View maximum loan amounts, turnaround times and applicable costs and fees.
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